HillsHelps.

One of the most common claims at this time of year is water damage caused by the failure of a sump pump system. The damage arises from one of two areas: loss of power or mechanical problems. We often lose electricity during storms, so the pump is unable to run. Mechanical problems can occur when the pump wears out or as a result of corrosion from infrequent usage of moving parts, causing a malfunction when the pump is needed.

Water damage caused by sump pump failure is excluded in a homeowners insurance policy. However, you are usually able to purchase optional coverage with limits starting at $5,000. Renters should also consider this coverage. The following are a few steps to prevent a problem with your sump pump:

Install a battery-powered backup pump.

Test your pump monthly by pouring water into the pit.

Install an alarm that sounds when it senses water. There are local alarms as well as alarms that call a telephone number or alarm service.

Keep items stored in the basement off the floor by utilizing shelves, plastic containers, and blocks under items.

Insurance products are not a deposit, not FDIC insured, not insured by any federal government agency, carry no bank guarantee, and may go down in value.

About Dave Haman

Dave Haman is a Vice President, Insurance Agency Manager at Hills Bank’s Iowa City Gilbert Street location. He has been at Hills Bank since 1994 helping customers with their insurance needs. Dave can be reached at dave_haman@hillsbank.com.

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